Business Wire.- The «Dry Milling – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.
Global Dry Milling Market to Reach US$102.1 Billion by the Year 2026
The usage of such products in the production of bioethanol and fortified animal feed is the primary growth driver fueling market growth. Corn-based ethanol is a significant driver to fuel corn dry milling market demand. Ethanol is a low-cost and clean octane booster providing oil refineries the lowest-cost solution for upgrading gasoline’s octane content, making ethanol preferable amongst the fuel suppliers. Countries like the US, Brazil, Canada, and many countries in the EU, experienced increased biofuel consumption, bringing down the petroleum imports, and the same trend is likely to be followed in the future.
Amid the COVID-19 crisis, the global market for Dry Milling estimated at US$75.8 Billion in the year 2020, is projected to reach a revised size of US$102.1 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Yellow Corn, one of the segments analyzed in the report, is projected to grow at a 4.8% CAGR to reach US$67.4 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the White Corn segment is readjusted to a revised 5.6% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Dry Milling market. The yellow corn is made of four essential components that include fiber, starch, corn oil, and protein. Yellow corn is dry milled and is used mainly to produce ethanol and animal feed due to high concentration of starch.
The U.S. Market is Estimated at $21.2 Billion in 2021, While China is Forecast to Reach $21 Billion by 2026
The Dry Milling market in the U.S. is estimated at US$21.2 Billion in the year 2021. The country currently accounts for a 26.7% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$21 Billion in the year 2026 trailing a CAGR of 8.2% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$9.4 Billion by the end of the analysis period.
High demand of dry drilled corn products in Asia Pacific region can be attributed to rising awareness among consumers regarding renewable fuel sources, increasing sensitivity towards environmental issues, requirement of protein rich animal feed and surging demand for corn- based food products. Asian countries are also initiating efforts to institute incentives and policies to increase biofuel demand, which will ultimately increase production.
Select Competitors (Total 34 Featured)
- Archer Daniels Midland Company
- Bunge Ltd.
- C.H. Guenther & Son, Inc.
- Cargill, Inc.
- Didion Milling
- Flint Hills Resources LLC
- Green Plains, Inc.
- Lifeline Foods, LLC
- Pacific Ethanol, Inc.
- SEMO Milling, LLC
- SunOpta, Inc.
- Valero Energy Corporation
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- An Insight into Milling Process
- An Introduction to Dry Milling
- Dry milling of wheat
- An Insight into the Innovations and Technology Adoption in the Milling Industry
- Impact of COVID-19 and Looming Recession
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- Impact of COVID-19 on Dry Milling of Corn
- Global Market Prospect and Overview
- Dry Milling Market to Witness Rapid Growth
- Asia-Pacific Holds the Highest Potential for Market Growth
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Ethanol as Fuel Spurs Market Prospects
- Use of Milling in Ethanol Production
- Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects
- Pressing Need for Alternative Fuels Drive Focus on Biofuels
- Biofuels Production Scenario
- Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels
- Biofuel Remains an Indispensable Element of Inclusive Clean Energy & Susceptibility Initiatives
- Rising Demand for Ethanol as Fuel Spurs Market Prospects
- Growing Role of Ethanol as Renewable Chemicals Drive Market Growth
- Increased Demand for Processed Snacks and Bakery Products Drives the Market for Dry Milling of Corn
- Superfine Grinding – A Emerging Technique in Food Processing Industry
- APAC Spearheads Growth of the Global Dry Milling Market
- Increased Demand for Dry Milling Process to Manufacture Nano-sized particles
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 34
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